INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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GOV. SANWO-OLU SWEARS IN 57 COUNCIL CHAIRMEN, SAYS ‘IT’S TIME FOR WORK, NOT FOR POLITICAL VENDETTA’.{PHOTOS}.#PRESS RELEASE.

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PICTURES: GOV. BABAJIDE SANWO-OLU, DEPUTY GOV HAMZAT AT THE SWEARING IN CEREMONY OF NEWLY ELECTED LOCAL GOVT CHAIRMEN AND VICE CHAIRMEN AT LAGOS HOUSE, ALAUSA, IKEJA, ON TUESDAY, JULY 27, 2021


PIX 1: Cross section of the newly elected Local Government Chairmen taking Oath of Office presided by Lagos State Governor, Mr. Babajide Sanwo-Olu, at the Lagos House, Alausa, Ikeja, on Tuesday, July 27, 2021


PIX 2: Cross section of the newly elected Local Government Chairmen taking Oath of Office presided by Lagos State Governor, Mr. Babajide Sanwo-Olu, at the Lagos House, Alausa, Ikeja, on Tuesday, July 27, 2021


PIX 3: Lagos State Governor, Mr. Babajide Sanwo-Olu (middle) presenting Oath of Office to Hon. Omolola Essien (right) as Chairman of Lagos Mainland LG while the Deputy Governor, Dr. Obafemi Hamzat watches during the swearing in ceremony of the newly elected Chairmen and Vice Chairmen of Local Governments and Local Council Development Areas at the Lagos House, Alausa, Ikeja, on Tuesday, July 27, 2021


PIX 4 L-R: Lagos State Governor, Mr. Babajide Sanwo-Olu presenting Oath of Office to Hon. Kolade Alabi as Chairman of Bariga LCDA during the swearing in ceremony of the newly elected Chairmen and Vice Chairmen of Local Governments and Local Council Development Areas at the Lagos House, Alausa, Ikeja, on Tuesday, July 27, 2021


PIX 5 L-R: Lagos State Governor, Mr. Babajide Sanwo-Olu presenting Oath of Office to Hon. Rashidat Adu as Chairman of Iru/Victoria Island LCDA during the swearing in ceremony of the newly elected Chairmen and Vice Chairmen of Local Governments and Local Council Development Areas at the Lagos House, Alausa, Ikeja, on Tuesday, July 27, 2021


PIX 6 L-R: Lagos State Governor, Mr. Babajide Sanwo-Olu presenting Oath of Office to Hon. Emmanuel Bamigboye as Chairman of Mushin LG during the swearing in ceremony of the newly elected Chairmen and Vice Chairmen of Local Governments and Local Council Development Areas at the Lagos House, Alausa, Ikeja, on Tuesday, July 27, 2021.


Lagos State Governor Babajide Sanwo-Olu, has said the administrative and financial autonomy being enjoyed by Local Government Areas (LGAs) and Local Council Development Areas (LCDAs) in the State for almost two decades is not granted for nothing, but given to achieve a bottom-up growth model for the acceleration of coordinated development across the State.

More photos below.

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